Written by ForexBrokers.com
In this head to head comparison of Trade Nation vs IUX, we will compare the trading platforms, mobile apps, range of investments, costs, market research, and more. Let's dive in.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 51% and 89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
When it comes to choosing an online broker, understanding regulatory information can significantly influence decision-making. Trade Nation, founded in 2014, and IUX, established in 2016, both operate without being publicly traded or functioning as banks. However, their credentials under financial regulations vary notably. Trade Nation is equipped with two Tier-1 licenses and one Tier-2 license, which contributes to a Trust Score of 85 out of 99 according to ForexBrokers.com, marking it as a trusted broker. In contrast, IUX holds no Tier-1 licenses and one Tier-2 license, resulting in a lower Trust Score of 69, categorizing it as a high-risk option.
These differences suggest that Trade Nation may offer more reassurance for those prioritizing regulatory oversight. It provides higher assurance regarding trust and risk assessment, all of which are vital factors when engaging in online trading. On the other hand, IUX’s lower trust rating could invite caution for those who are risk-averse or who value regulatory compliance as a critical aspect of their broker selection process.
| Feature |
Trade Nation
|
IUX
|
|---|---|---|
| Year Founded | 2014 | 2016 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 2 | 0 |
| Tier-2 Licenses | 1 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 2 | 1 |
Trade Nation offers a unique fee structure with competitive fixed-spread pricing across all its tradeable symbols on its proprietary platform, alongside variable-spread pricing available on MetaTrader. With consistent fixed spreads, traders benefit from predictable costs, except during a daily one-hour rollover when spreads widen. For example, the EUR/USD pair has a fixed spread of 0.6 pips, occasionally increasing to 1.4 pips during the rollover. Trade Nation provides three primary account types, including a commission-based Raw Spread account charging $7 per standard lot round-trip, a no-commission MetaTrader account, and the TN Trader account on its proprietary platform. This broker secures a 5-star rating and ranks #7 out of 63 brokers for commissions and fees by ForexBrokers.com.
IUX presents a versatile pricing model catering to various traders, offering both spread-only and commission-based accounts. The Standard and Standard+ accounts require a $10 deposit, with Standard+ supporting deposit bonuses but featuring wider spreads. More active traders can opt for the Raw and Pro accounts, each demanding a $500 deposit. The Raw account offers the lowest spreads plus a $6 commission per standard lot, while the Pro account maintains lower spreads than Standard accounts without commission fees. Average spreads for the EUR/USD pair are approximately 0.7 pips for the Pro account and 0.9 pips for the Standard account, with the commission-inclusive Raw account averaging around 0.6 pips. IUX earns a 4-star rating and ranks #49 out of 63 brokers for commissions and fees according to ForexBrokers.com.
In summary, while Trade Nation provides predictable fixed spreads with a high ranking and full 5-star rating, IUX features flexible account types that cater to varying trader needs, achieving competitive status with a 4-star rating. However, IUX does not stand out as a market leader in cost efficiency. Prospective traders should weigh their choices based on spreads, commissions, and deposit requirements to find the best fit.
| Feature |
Trade Nation
|
IUX
|
|---|---|---|
| Minimum Deposit | $0 | 10 |
| Average Spread EUR/USD - Standard | 0.6 | 0.9 |
| All-in Cost EUR/USD - Active | 0.6 | 0.6 |
| Active Trader or VIP Discounts | No | Yes |
| ACH or SEPA Transfers | No | No |
| PayPal (Deposit/Withdraw) | No | No |
| Skrill (Deposit/Withdraw) | Yes | Yes |
| Visa/Mastercard (Credit/Debit) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
When comparing Trade Nation and IUX for their range of investments, there are several points to consider to determine which platform might better suit your trading needs. Both brokers offer forex trading as either CFDs or spot contracts. However, Trade Nation provides access to a broader selection of tradeable symbols, offering a total of 1,000 compared to IUX's 152. In terms of forex pairs, Trade Nation again comes out on top with 46 pairs available, while IUX offers 34. Neither broker allows clients to trade exchange-traded U.S. securities directly, but IUX distinguishes itself by offering international exchange-traded securities, an option not available with Trade Nation.
For those interested in cryptocurrency, both platforms offer the ability to trade cryptocurrency derivatives, although neither broker permits the purchase of actual cryptocurrencies. Trade Nation additionally supports copy trading, allowing users to mirror the trades of successful investors, whereas IUX does not offer this feature. With both platforms receiving a 3.5-star rating for their range of investments, the slight edge for diverse investment opportunities goes to Trade Nation according to its ranking of 38 out of 63 brokers by ForexBrokers.com, compared to IUX's ranking of 60.
| Feature |
Trade Nation
|
IUX
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 1000 | 152 |
| Forex Pairs (Total) | 46 | 34 |
| U.S. Stock Trading (Non CFD) | No | No |
| Int'l Stock Trading (Non CFD) | No | Yes |
| Social Trading / Copy Trading | Yes | No |
| Cryptocurrency (Physical) | No | No |
| Cryptocurrency (Derivative) | Yes | Yes |
| Disclaimers | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). |
Dive deeper: Best Copy Trading Platforms.
When considering online brokers for trading platforms and tools, both Trade Nation and IUX provide a range of options to suit different trader needs. Trade Nation offers a free virtual demo account, a proprietary platform, and supports both a Windows-based desktop platform and a web-based trading platform. Additionally, Trade Nation provides the popular MetaTrader 4 (MT4) and copy trading as part of its offerings, appealing to traders seeking varied functionalities. However, Trade Nation does not offer MetaTrader 5 (MT5), nor does it support trading directly from stock charts. With 39 drawing tools available for charting and 14 fields for watch lists, Trade Nation is comprehensive in its offerings, achieving a 4-star rating for its platforms and tools.
On the other hand, IUX also offers a virtual demo account, a proprietary platform, and a choice between Windows-based desktop and web platforms. Though lacking in support for MT4 and copy trading, IUX compensates with the availability of MetaTrader 5 (MT5) and the ability to trade directly from stock charts. Charting enthusiasts will appreciate IUX's 89 drawing tools, while watch list customization is enhanced with 46 available fields. Unfortunately, despite these features, IUX does not host copy trading or additional third-party services like DupliTrade or ZuluTrade. Rated at 3.5 stars for its trading platforms and tools, IUX ranks 59th out of 63 brokers in this category, while Trade Nation holds a more favorable position at 44th.
| Feature |
Trade Nation
|
IUX
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | Yes | Yes |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | Yes | No |
| MetaTrader 4 (MT4) | Yes | No |
| MetaTrader 5 (MT5) | No | Yes |
| DupliTrade | No | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 115 | 106 |
| Charting - Drawing Tools (Total) | 39 | 89 |
| Charting - Trade From Chart | No | Yes |
| Watchlists - Total Fields | 14 | 46 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When it comes to mobile trading apps, both Trade Nation and IUX have a lot to offer, but their features cater to different needs and preferences. Both platforms provide apps for iPhone and Android users, ensuring accessibility for a wide audience. Trade Nation stands out with its stock and forex price alert feature, a useful tool for traders looking to stay on top of market movements. This is complemented by seamless watchlist symbol syncing across devices, which IUX currently lacks. While IUX offers more technical studies, totaling 106 compared to Trade Nation's 99, it does not allow traders to draw trendlines on charts, an option available with Trade Nation.
Trade Nation also excels in the convenience of multiple time frame views and auto-saving chart drawings, features shared by IUX. Both apps allow the creation of watchlists with real-time quotes, ensuring that users stay informed. In terms of ratings, Trade Nation edges out slightly with four stars, over IUX's 3.5 stars. According to ForexBrokers.com, Trade Nation ranks 45th out of 63 brokers in the Mobile Trading Apps category, while IUX is ranked at 60th. This makes Trade Nation a slightly more favored platform for traders prioritizing user-friendly features and higher-rated functionalities.
| Feature |
Trade Nation
|
IUX
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | No |
| Watchlist Syncing | Yes | No |
| Mobile Charting - Indicators / Studies | 99 | 106 |
| Mobile Charting - Draw Trendlines | Yes | No |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | Yes | Yes |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
When choosing an online broker for market research, it's crucial to consider the tools and resources they offer. Trade Nation provides daily market commentary and sources forex news from top-tier sources like Bloomberg and Reuters, giving traders access to essential information. Additionally, Trade Nation offers a sentiment-based trading tool allowing users to see the ratio of long or short positions across various instruments. While Trade Nation is not equipped with tools from Autochartist or Trading Central, it does offer research tools from Acuity Trading, like Signal Centre, which can aid traders in making informed decisions.
On the other hand, IUX does not offer daily market commentary or forex news from renowned sources such as Bloomberg or Reuters. It lacks sentiment-based trading tools and research tools from companies like Autochartist, Trading Central, and Acuity Trading. However, IUX does provide an economic calendar displaying key global news events. While Trade Nation has a research rating of 3.5 stars and is ranked #42 out of 63 brokers by ForexBrokers.com, IUX is slightly behind with a 3-star rating, positioned at #59 in the research category.
| Feature |
Trade Nation
|
IUX
|
|---|---|---|
| Daily Market Commentary | Yes | No |
| Forex News (Top-Tier Sources) | Yes | No |
| Autochartist | No | No |
| Trading Central (Recognia) | No | No |
| Social Sentiment - Currency Pairs | Yes | No |
| TipRanks | No | No |
| Signal Centre (Acuity Trading) | Yes | No |
| Economic Calendar | No | Yes |
Dive deeper: Best Brokers for Forex Research.
When comparing the educational resources available for beginners between Trade Nation and IUX, some key differences emerge. Trade Nation stands out by offering a variety of forex and CFD educational materials, including over 10 articles, videos, and archived webinars. They are equipped with extensive beginner educational videos tailored for novice traders and also provide advanced videos for more experienced individuals. Additionally, Trade Nation supports its users with an investor dictionary containing definitions of over 50 investing terms. On the other hand, IUX lacks in providing similar resources on forex and CFDs and does not supply a comparable investor dictionary. However, like Trade Nation, IUX does offer a collection of beginner videos, but it does not extend this to advanced trading concepts.
Neither Trade Nation nor IUX currently holds monthly online educational webinars or maintains an archive of past webinars, which might be beneficial for ongoing learning. Despite some limitations, Trade Nation receives a higher education rating of 3.5 stars compared to IUX's 3 stars. In the larger context of 63 brokers, this translates to a rank of 41 for Trade Nation, whereas IUX is positioned at 59. This suggests that while both platforms could benefit from offering live interactive learning opportunities, Trade Nation provides a stronger foundation of educational resources for budding traders.
| Feature |
Trade Nation
|
IUX
|
|---|---|---|
| Education (Forex or CFDs) | Yes | No |
| Client Webinars | No | No |
| Client Webinars (Archived) | No | No |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | Yes | No |
| Investor Dictionary (Glossary) | Yes | No |
Dive deeper: Best Forex Brokers for Beginners.
After testing 63 of the best forex brokers, our research and account testing finds that Trade Nation is better than IUX. Trade Nation finished with an overall rank of #34, while IUX finished with an overall rank of #63.
Trade Nation’s well-designed, easy-to-use trading app is an innovative trading platform that’s great for beginner forex and CFD traders. However, if you’re a seasoned trader, you may find that Trade Nation lacks advanced features compared to the best trading platforms.
| Feature |
Trade Nation
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IUX
|
|---|---|---|
| Overall Rating |
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| Trust Score | 85 | 69 |
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Both Trade Nation and IUX do not offer the ability to buy actual delivered cryptocurrency, but they do provide the option to trade cryptocurrency derivatives.
Both Trade Nation and IUX do not support ACH or SEPA transfers or PayPal for deposits and withdrawals, but they both accept Skrill, Visa, Mastercard, and bank wire transfers as payment options.
Please note:
We review each broker’s overall global offering – a “Yes” checkmark in our Compare Tool does not guarantee the availability of any specific features in your country of residence. To verify the availability of any features within your country of residence, please contact the broker directly.
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0 of 5| Overall Rating | Trade Nation | IUX | |
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| Trust Score | 85 | 69 | |
| Winner | check_circle | ||
| Review | Trade Nation Review |
| Broker Screenshots | Trade Nation | IUX | |
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| Regulation | Trade Nation | IUX | |
|---|---|---|---|
| Trust Score | 85 | 69 | |
| Year Founded | 2014 | 2016 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | No | No | |
| Tier-1 Licenses | 2 | 0 | |
| Tier-2 Licenses | 1 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 2 | 1 |
| Tier-1 Licenses (Highly Trusted) | Trade Nation | IUX | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | No | |
| Canada (CIRO Authorised) | No | No | |
| Hong Kong (SFC Authorised) | No | No | |
| Japan (SFC Authorised) | No | No | |
| Singapore (MAS Authorised) | No | No | |
| Switzerland (FINMA Authorised) | No | No | |
| United Kingdom (U.K.) (FCA Authorised) | Yes | No | |
| USA (CFTC Authorized) | No | No | |
| New Zealand (FMA Authorised) | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | No | No |
| Tier-2 Licenses (Trusted) | Trade Nation | IUX | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | Yes | Yes | |
| UAE (DFSA/Central Bank Authorised) | No | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | Trade Nation | IUX | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 1000 | 152 | |
| Forex Pairs (Total) | 46 | 34 | |
| U.S. Stock Trading (Non CFD) | No | No | |
| Int'l Stock Trading (Non CFD) | No | Yes | |
| Social Trading / Copy Trading | Yes | No | |
| Cryptocurrency (Physical) | No | No | |
| Cryptocurrency (Derivative) | Yes | Yes | |
| Disclaimers | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). |
| Cost | Trade Nation | IUX | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 0.6 | 0.9 | |
| All-in Cost EUR/USD - Active | 0.6 | 0.6 | |
| Active Trader or VIP Discounts | No | Yes | |
| Inactivity Fee | No | Yes | |
| Execution: Agency Broker | No | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | Trade Nation | IUX | |
|---|---|---|---|
| Minimum Deposit | $0 | 10 | |
| PayPal (Deposit/Withdraw) | No | No | |
| Skrill (Deposit/Withdraw) | Yes | Yes | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | No | No |
| Trading Platforms | Trade Nation | IUX | |
|---|---|---|---|
| Proprietary Platform | Yes | Yes | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | Yes | No | |
| MetaTrader 4 (MT4) | Yes | No | |
| MetaTrader 5 (MT5) | No | Yes | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | Trade Nation | IUX | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 14 | 46 | |
| Charting - Indicators / Studies (Total) | 115 | 106 | |
| Charting - Drawing Tools (Total) | 39 | 89 | |
| Charting - Trade From Chart | No | Yes | |
| Charts can be saved | No | No |
| Mobile Trading | Trade Nation | IUX | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | No | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | Yes | No | |
| Mobile Charting - Indicators / Studies | 99 | 106 | |
| Mobile Charting - Draw Trendlines | Yes | No | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | Yes | Yes | |
| Mobile Economic Calendar | No | No |
| Research | Trade Nation | IUX | |
|---|---|---|---|
| Daily Market Commentary | Yes | No | |
| Forex News (Top-Tier Sources) | Yes | No | |
| Autochartist | No | No | |
| Trading Central (Recognia) | No | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | No | |
| Economic Calendar | No | Yes |
| Education | Trade Nation | IUX | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | No | |
| Client Webinars | No | No | |
| Client Webinars (Archived) | No | No | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | No | |
| Investor Dictionary (Glossary) | Yes | No |
| Major Forex Pairs | Trade Nation | IUX | |
|---|---|---|---|
| GBP/USD | Yes | Yes | |
| USD/JPY | Yes | Yes | |
| EUR/USD | Yes | Yes | |
| USD/CHF | Yes | Yes | |
| USD/CAD | Yes | Yes | |
| NZD/USD | Yes | Yes | |
| AUD/USD | Yes | Yes | |
| Review | Trade Nation Review |
| Overall | Trade Nation | IUX | |
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| Trust Score | 85 | 69 | |
| Winner | check_circle | ||
| Review | Trade Nation Review |
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